Wauwatosa, WI—53213
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Wauwatosa, WI
Home Price Trends — Wauwatosa, WI
As of Nov '25, the median home price in Wauwatosa, WI is $406,000, with a year-over-year change of 3.7%. This indicates that home prices in Wauwatosa, WI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $406,000 | 3.7% |
| Single Family | $407,000 | 3.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $299,000 | 1.4% |
3 Bed | $400,000 | 4.2% |
4 Bed | $454,000 | 3.7% |
| 5 Bed | $522,230 | 4.2% |
% of Housing Stock
Rental Trends — Wauwatosa, WI
As of July '25, Rentcast reports the average rent in Wauwatosa, WI is $1,490, with a year-over-year rent change of 12.0%. Per bedroom, the median rent as of July '25 in Wauwatosa, WI is studios: $1,200, 1-bedrooms: $1,360, 2-bedrooms: $1,420, 3-bedrooms: $1,970, 4-bedrooms: $3,000. The most common rental property sizes in Wauwatosa, WI are 2-bedroom and 1-bedroom, accounting for 49.5% and 30.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,480 | $1,490 |
| Studio Rent | $795 | $1,200 |
| 1 Bed Rent | $1,450 | $1,360 |
| 2 Bed Rent | $1,450 | $1,420 |
| 3 Bed Rent | $2,000 | $1,970 |
| 4 Bed Rent | $3,000 | $3,000 |
% of Rental Stock
Property Listings — Wauwatosa, WI
As of Nov '25, Realtor.com reports that the median days on market for a home in Wauwatosa, WI is 32. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -4.0% |
Listing Count | 34 | 0.0% |
| Listings as % of Homes | 0.1% | 0.0% |
Days on Market | 32 | 0.0% |
Demographics — Wauwatosa, WI
As of the latest ACS Survey released in 2023, Wauwatosa, WI has a population of 26,300, which has decreased by -4.6% over the past 5 years. Wauwatosa, WI is a moderately popular place for families, as children make up 20.3% of the population. The area has a highly educated workforce, with 62.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,300 | -4.6% |
% Under 18 | 20.3% | -11.7% |
% Seniors | 15.4% | 14.9% |
% WFH | 17.9% | 359.0% |
% w/ College Degree | 62.6% | 5.0% |
As of the latest ACS Survey released in 2023, Wauwatosa, WI is a predominantly white area, with 80.5% of the population identifying as white. The white population has shrunk by 5.8% in the last 5 years. The second most common race or ethnicity in Wauwatosa, WI is hispanic, making up 5.1% of the population. Foreign-born residents account for 5.7% of the population in Wauwatosa, WI, and this percentage has increased by 29.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.5% | -5.8% |
% Black | 4.3% | -17.3% |
% Hispanic | 5.1% | 54.5% |
% Asian | 4.5% | 21.6% |
% Foreign Born | 5.7% | 29.5% |
Mortgage and Risk — Wauwatosa, WI
According to HUD data as of 2023, there were 571 mortgage originations in Wauwatosa, WI, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Wauwatosa, WI. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 571 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Rentals and Section 8 — Wauwatosa, WI
As of 2024, the percent of homes in Wauwatosa, WI under the Section 8 program is 2.1%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Wauwatosa, WI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 115 |
Total Units Section 8 | 114 |
% Rentals under Section 8 | 2.1% |
% Occupied Section 8 | 88.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$300 | $1,450 | $1,150 |
| 2 Bedroom | -$80 | $1,450 | $1,370 |
| 3 Bedroom | -$300 | $2,000 | $1,700 |
| 4 Bedroom | -$1,150 | $3,000 | $1,850 |
Affordability — Wauwatosa, WI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $406,000 |
| Median Household Income | $94,100 |